Global Institute articles

 

• U.S. 30-year mortgage predominance doesn’t seem to delay impact of Fed rate hikes

  After comparing economic data of the U.S. and other major advanced economies, we find tentative evidence that the slow adjustment of the outstanding mortgage rate in the U.S. has not played an important role in delaying the intended effects of the monetary tightening.

  January 16, 2024

• Arbitrage limits heighten dollar shortages abroad during volatile times

  U.S. dollars are hard to find in foreign markets during times of heightened risk, as evidenced by two interesting and related features in the post-2007 international financial landscape.

  January 09, 2024

• Widening gap between rich and poor poses challenge to U.S.

  Economist Jeffrey Fuhrer, a nonresident fellow at the Brookings Institution and former Boston Fed director of research, discusses the nation’s income and wealth gaps and offers proposals to close them. Fuhrer’s recently published book, “The Myth that Made Us,” explores inequalities in the nation’s economic system.

  December 13, 2023

• Globalization Institute Working Paper

  Just Do IT? An Assessment of Inflation Targeting in a Global Comparative Case Study

  This paper introduces novel measures to assess the effectiveness of inflation targeting (IT) and examines its performance across a broad sample of advanced economies (AEs) and emerging market and developing economies (EMDEs).

  November 05, 2022